From an economic perspective, it is rare that Presidents move the needle much on economic growth. Historically, the economy has fared moderately better in Democratic administrations, but the difference is small and not necessarily caused by the President. In terms of policy, the ability to implement major initiatives will be highly dependent on the outcome of the two senate races in Georgia.
Dr. Perryman explains that the president actually has only a small role in influencing long-term economic growth.
Presumptive Democratic nominee for president Joe Biden has released an economic proposal. Dr. Perryman breaks down the plan, and the relationship between politics and the economy.
The presidential election is (almost) over, and sorting through the new directions under President-elect Biden has begun. There are still some votes to be counted (or recounted), litigation to be dealt with, and protocols to be followed before the election is officially certified, but it's highly unlikely that results will shift.
The state of the economy is inevitably a central issue in presidential campaigns, debates, and elections. This year will likely be even more intense than usual, with the fallout from the pandemic causing millions of Americans to lose their jobs, their savings, and, in many instances, their businesses. The best candidate to deal with the situation will be the subject of strong opinions and disagreements. During elections, economics becomes "electionomics," with rhetoric often far overshadowing reality.